The causes of The Great Depression were high unemployment, business failures, and farm foreclosures. People lost their homes and all the money that the saved. It began in 1929 and lasted untill1939. It was the longest and most severe Depression in the western world. It was said that the depression had begun with a collapse of stock market prices on the New York Stock Exchange in October 1929. The stocks dropped 20 percent of their value in 1929. By 1933, 11,000 of the United States 25,000 banks had failed.
The causes of The Great Depression were high unemployment, business failures, and farm foreclosures. People lost their homes and all the money that the saved. It began in 1929 and lasted untill1939. It was the longest and most severe Depression in the western world. It was said that the depression had begun with a collapse of stock market prices on the New York Stock Exchange in October 1929. The stocks dropped 20 percent of their value in 1929. By 1933, 11,000 of the United States 25,000 banks had failed.